ITUB - StoneCo Finalizes Proposed Terms For $1 Billion U.S. IPO
Quick Take
StoneCo (STNE) intends to raise gross proceeds of $100 million from a U.S. IPO, according to an F-1/A registration statement.
The firm provides financial technology payment processing services to merchants in Brazil.
STNE has an accelerating growth trajectory, large market opportunity with Brazilian SMBs, the involvement of Berkshire Hathaway, and top-tier IPO underwriters Goldman Sachs and others.
Company & Technology
Sao Paulo, Brazil-based StoneCo was founded in 2013 to provide merchants and integrated partners with the ability to conduct electronic commerce seamlessly across in-store, online, and mobile channels in Brazil.